Amit Sheth
Hr Manager

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
We are an IT startup Pvt. Ltd. company, currently with a small team of developers. We would be hiring a couple of directors in the first fiscal as our team would be increasing substantially. We are 2 partners (co-founders) of the company and all the legal documentation is done. We were thinking about creating appointment letters for both of us (co-founders) for the designation of CEO and CTO but are not sure about the format involved. As we both are co-founders, we have not yet decided as to who would be the MD. Do we need a MD in our case? If not, then can we both sign on each appointment letter with the terms and conditions set?
I would greatly appreciate any positive and to-the-point response for my query. It would be great if anyone could share a format for the appointment letter for founders.
Have a great day ahead.

From India, Ludhiana
It is better to consult a Chartered Accountant for the legality of company and helping out with who should be the MD / CEO etc. Company needs to be registered with the Registrar and then on letter heads can the letters be issued.
What is the point of appointment letter to the CEO / MD of private company where your names would be mentioned in the company registration agreement and where profit / loss share proportions from the business is mentioned?

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™